Algorand (ALGO) CEO exits Blockchain project, to be replaced by current COO

Summary:

• Algorand’s CEO, Steven Kokinos, has left the blockchain project to pursue other interests.
• Mr. Kokinos will continue at Algorand as a senior advisor until mid-2023.
• Algorand’s current COO, Sean Ford, will serve as interim CEO effective today, July 27.

Algorand’s (ALGO) CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos’ role at the helm of Algorond ends today, July 27, 2022. However, he will continue as a senior advisor until mid-2023.

1/ Today we advertise @wsford as interim CEO and thank you @stevekokinos for his leadership and dedication to #Algorand the last 4 years!

As we enter this next phase of growth, Steve will continue to serve as an advisor and remain involved in key projects in our ecosystem.

— Algorand (@Algorand) 27 July 2022

The company’s current COO, Sean Ford, will serve as interim CEO.

Algorand founder Professor Silvio Micali thanked Mr. Kokinos for his dedication to the blockchain project, especially in its initial stages. He also highlighted Mr. Ford’s ability to pick up where Mr. Kokinos left off. He said:

We thank Steven for his time and dedication to Algorand. He has been instrumental in the initial success of our business and we appreciate his commitment to a seamless transition.

Sean is well-positioned to work with me to keep the company business as usual and to help us transition Algorand into our next phase of growth.

Mr. Kokinos added that “it was a pleasure to serve as CEO of Algorand.” He also expressed optimism that the company was in good hands in the next phase of growth.

Similarly, Mr. Ford pointed out that Algorand had experienced tremendous growth under Mr. Kokinos. He added that he was looking forward to expanding Algorand to the next level.

Sean Ford joined Algorand in 2018. He was previously the Chief Marketing Officer of LogMeIn and was responsible for its global marketing strategy, product marketing, e-commerce, communications, brand management and demand generation. He also has experience working at Avid Technology and held “several senior leadership roles, including CMO and COO at Zmags, CMO for Syncsort, and as Vice President of Global Business Unit (GBU) Marketing at Oracle.”

Latest Algorand (ALGO) news.

Algorand recently made headlines when it was named the official blockchain partner of the Fédération Internationale de Football Association (FIFA). The agreement covers this year’s football World Cup in Qatar and will also cover the women’s tournament. Algorand will also assist FIFA in further developing its digital asset strategy. The blockchain project will benefit from significant media exposure during the 2022 World Cup.

In late June, the once famous peer-to-peer file sharing platform of Napster announced a comeback involving the launch of its own $NAPSTER token on Algorand and NFTs.